Financial Skills
Course Programme
Course Programme
Below is our standard outline for Finance For Non Financial Managers.
Duration
2 days
What is this course about?
This course is designed to demystify finance. It takes a simple approach to explaining clearly what key financial statements mean and how they work. It also aims to show how different financial statements relate to each other and how they affect your actions both as a manager and as part of the business overall.
The course aims to give you a firm understanding of how finance works and the confidence to use your knowledge to make better informed business decisions.
Who would benefit?
The course aims to give you a firm understanding of how finance works and the confidence to use your knowledge to make better informed business decisions.
Objectives
This programme will give you a sound understanding of the financial tools and techniques that you need to become an even more effective manager.
The course will:
- Put you at ease with financial language and techniques
- Enable you to deal confidently with financial colleagues and bankers
- Increase your understanding of the functions of your finance and accounting colleagues
- Radically improve your planning and budgeting skills
- Enable you to enhance your role in the organisation
- Make you much more aware of the impact of your decisions on the profitability of your organisation
- Boost your career development
Key topics covered
Please mark on the following menu 5 for topics which are really important down to 1 for topics which are considered unimportant
Also please question if objectives do not appear to coincide with your needs.
1. Accounting and accountants
- What types of accountant are there?
- What do they do?
- Financial accounting
- Management accounting
- Treasury function
- Activities and terms
2. Understanding the basis of accounting records
- Basis balance sheet and profit & loss accounts
- Accounting records
- Assets/ liabilities
- Income/ expenditure
- General/ nominal ledgers
3. Getting to grips with financial statements
- Balance sheet and profit & loss accounts -terminology
- Accounting concepts - going concern/ accruals/ prudence/ consistency
- Depreciation
- EU legislation - format of accounts
4. Cash flow and cash management
- Working capital - cash cycle
- Just in time
- Flow of funds/ cash flow statements
- Gearing
- Treasury management
- Foreign currency and cash managementø
5. Tips and techniques for planning and budgets
- Corporate plan - financial
- Planning the budget
- The budget cycle
- Links with company culture
- Budgeting methods
- Zero/ priority based budgets
- Reviewing budgets
- Responding to the figures
- The need for an appropriate accounting system
6. Management accounting - costing methods and their uses
- Cost definitions
- Full/absorption costing
- Overheads
- Overhead allocation or absorption
- Activity based costing
- Marginal costing/ break-even - use in planning
- Costing for control - standard costing
7. What the figures reveal - understanding and interpreting accounts
- Analytical review (ratio analysis)
- Return on capital employed
- Net profit %
- Asset turnover
- Fixed assets, debtor, stock turnover
- Responding to figures
8. An introduction to other key issues
- Creative accounting
- Accounting policies/ group situations
- Intangible assets - brand names
- Company valuations
- Fixed assets - leased assets
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